News in brief - 1 September 2023

The Conveyancing Association (CA) has announced that Post Partner has become its latest affiliate member. The sector specialists in document allocation and indexing will be joining the conveyancing trade body across its events through 2023 and 2024, as well as at CA’s annual conference and dinner in Manchester in February 2024. Post Partner offers a range of document management solutions focused on reducing fee-earner admin which delivers efficiencies at a departmental level and maximise automation opportunities. The CA works with a number of affiliate members, offering the opportunity for engagement with its member firms via events and meetings, the provision of special offers, branding on promotional material, and advertising through newsletters and merchandising material.

Mortgage Broker Tools (MBT) has now processed more than one million cases through the affordability-first research platform. MTB was launched in 2019 as the first technology platform to acknowledge the significance of specialist affordability sourcing in the mortgage market, providing brokers with an affordability-first research platform that delivers them accurate result across affordability, criteria, product rates and now credit status. MTB has also been named the best affordability tool provider on six consecutive occasions by the mortgage lender benchmark from Smart Money People, which is based on more than 3,500 pieces of in-depth qualitative and quantitative feedback from more than 750 brokers.

Leeds Building Society has improved pricing on a selection of its mortgage products, including its shared ownership and high LTV range. Providing further support for affordable housing schemes and homebuyers looking to step onto the housing ladder, the society has reduced rates on 26 products across its mortgage range. Furthermore, the changes reinforce the Society’s support for the shared ownership model, a scheme the society believes is a possible solution for many aspiring homeowners struggling to afford to buy a home through traditional rates. Highlights of the improved pricing include the shared ownership two- and five-year fixed rates which are now at 5.99% and 6.14% respectively. The society’s five-year fixed rate mortgage is now available at 5.86% at 95% LTV.

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